500 Myrtle AveSturgisMI49091
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Sturgis at 500 Myrtle Ave, Sturgis, MI, 49091 priced at $263,900 converts $1,801/mo rent into $60/mo cash flow after a $1,292/mo obligation. Total monthly income equals $1,801/mo, and annual cash flow totals $724/yr on $87,483 invested. Return on cash invested prints 20.74% in year one, and rental yield reads 8.19% against a $263,900 entry. Equity gained on principal adds $1,703/yr, while 5% annual appreciation compiles into $72,911 by year five. Five-year ROI reaches 107.85% and total cumulative return in cash sums $94,350. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,801/mo property income covering a $1,292/mo payment, not borrower’s personal income.
Single Family
Built in 2009
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49091, Sturgis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,734 (100%) |
| Owner Occupied HU | 5,515 (63.1%) |
| Renter Occupied HU | 2,168 (24.8%) |
| Vacant Housing Units | 1,051 (12.0%) |
| Median Home Value | $184,271 |
| Average Home Value | $220,724 |
Housing Distribution
Address Breakdown
Residential
8,139
Single Family
7,258
Multi-Family
881
Businesses
611
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